08 December 2020

Orange Ventures invests in cloud native service provider Weaveworks, the creator of GitOps

Orange Ventures, the venture capital fund of Orange, invests in Weaveworks, Inc. to help drive adoption of its GitOps solution in Enterprises and Telecoms Companies.

Weaveworks empowers enterprises to unlock cloud native agility with GitOps, a developer-centric operating model for Kubernetes by helping teams adopt cloud native computing, managing cloud native infrastructure and applications quickly, reliably and at scale.

In this Series C funding round WeaveWorks raised a total of $36.65m from a pool of telecom and enterprise investors like Orange Ventures, Deutsche Telekom, Ericsson, Amazon Web Services and Sonae IM and historic investors like Accel, Google Ventures and Redline Capital.

The company will use the new funding to enhance its GitOps-powered Kubernetes platform built on Open Source software and extend its reach in enterprises and telecommunications companies to make it easier for them to accelerate adoption of Cloud Native and Kubernetes with GitOps.

Kubernetes at Telco scale

Telecommunications companies have turned to Kubernetes and its ecosystem of cloud native tooling for the resilience, flexibility and scalability it provides, as they look ahead to the need for unprecedented scale for the 5G buildout. Orange Ventures, Deutsche Telekom and Ericsson have come together to invest in a future of Kubernetes and Cloud Native powered by Weaveworks’ GitOps.

“As global telcos ramp up to deliver high-speed 5G applications and services, and enterprises build and operate cloud-native applications, the need for a reliable, secure and standards-based operating model is more important than ever. GitOps is that operating model for large scale cloud native implementations across environments and serves as the backbone of the Weave Kubernetes Platform (WKP),” said Remi Prunier, Investment Principal, Orange Ventures.

With the Weave Kubernetes Platform telecommunications companies can securely deliver containerised 5G across data centres, cloud, hybrid, and edge environments while significantly reducing operating costs.

Alexis Richardson, co-founder and CEO of Weaveworks, said: “Cloud Native and Kubernetes are revolutionising the way we build and operate applications. The challenge is how to manage these environments with the scalability, reliability and control enterprises need when managing thousands of developers and applications at the same time. This is what sets Weaveworks apart.
“Our new funding, backed by two of the world’s leading public cloud providers and industry-leading telecoms companies, is a powerful validation that Weaveworks provides the speed, flexibility, and control telecoms and large enterprises need to rapidly innovate and scale cloud native applications.”

 

About Orange Ventures
Orange Ventures is an international 350 million euro multi-stage technology investment fund. It finances innovative startups in the areas of strategic interest of Orange (Networks & IT, Digital Business, Cybersecurity, and Fintech) and beyond (Consumer platforms, E-gaming, Edtech, Health etc). Orange Ventures also has dedicated initiatives for impact investments and African and Middle East region. Supported by the Orange Group, the fund offers startups in which it invests access to the Group's expertise and potential synergies with its numerous business units and 266 million customers in 26 countries.
For more information, visit ventures.orange.com or follow us on Twitter @Orange_DV.

 

Véronique ZIORA
08/12/2020 15:21 CET